July 20 (Bloomberg) -- Abundance NRG Ltd., a London
investment company, is courting retail investors with an offer
to buy into wind, solar and other renewable energy projects for
as little as 5 pounds ($7.90).

Abundance sells bonds issued by developers of wind farms
and solar parks to those wishing to invest directly, co-founder
Bruce Davies said in an interview. The bonds will deliver cash
returns of 6.75 to 8 percent a year to investors who spend as
much as 50,000 pounds per venture, Davies said by phone.

“There’s a massive gap in the funding of renewable
energy,” Davies said from London of plans to court an
alternative brand of investor. “Small-scale projects find it
hard to raise bank finance because from a bank’s point of view,
for a small project it’s hard to charge a larger fee.”

Abundance said it plans to get 1.4 million pounds this year
for its first 500-kilowatt wind project in the Forest of Dean.
It also is aiming to attract 250 million pounds of investments
in five years, provided it grows in the period.